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Company Alert

Posted by Peter Grandich at 3:08 PM on Tuesday, November 3rd, 2009

In previous articles I have told you about the leverage that you will get from emerging producers.  Gold hit an all time high today of $1089. Timmins Gold is so close to pouring gold you can taste it.

A story that I have written about before is Timmins Gold and its San Francisco mine in Mexico. Timmins Gold is ramping up in hopes of full production before the end of 2009.  The company has begun the leach process and now has gold in the leach fluids. The next step will be to extract the gold using the gold plant on site.  This is planned for the next few weeks. Next year Timmins Gold can be producing between 80,000 and 100,000 ounces of gold at a cash cost of approximately $400 per ounce. The company has been drilling around the current pit and should also have some exploration results before the end of this year.

Timmins’ expansion plan consists of expanding the current reserve and lifespan of the San Francisco Mine, advance its other exploration projects and to make strategic acquisitions all utilizing future cash flow and not by dilution. The recent deal with Sprott was a watershed event IMHO. I’m of course bias due to my working relationship but I feel with the fundamentals finally firing on all cylinders, gold’s big break-out, and the chart on TMM suggesting a close above $.88 could be a break out for the stock, most speculators need to consider the company ASAP.

Posted in All Posts, Exploration Shares, Gold, Mining Shares, Precious Metals, Silver, Timmins Gold | 7 Comments »

Update and Things

Posted by jojo at 11:21 AM on Saturday, October 3rd, 2009

10-01-09$TRAN

10-01-09$INDU

Is the great bear market rally coming to an end?

While the “Happy” people on Wall Street can take some comfort that the stock market didn’t roll over on Friday given the clearly disappointing employment news, two key indexes are suggesting the end to the incredible run may come sooner than even I thought. The Dow Transports are clearly weakening, a sign that the green shoots are not maturing into sustained economic beauty. Meanwhile, the DJIA looks like it needs to test 9200 before any real chance of a resumption to the upside could even be considered. With little economic news due out this coming week, the “Happy” people have their work cut out for them. I expect a run on “magic dust” this week.

The real truth on employment?

http://www.kereport.com/weekendshow/weekendr-oct0309-seg3.html

http://www.kereport.com/weekendshow/weekendr-oct0309-seg6.html

I rarely recommend a service but John’s is a must http://www.shadowstats.com/

This upcoming week also looks like a critical period for gold and the U.S. Dollar.

As noted on Friday, The large number of gold bears and weak-knee bulls must have said to themselves shortly after the employment release that by days end they would be feasting on bull meat. Instead, they saw a sharp reversal in their fortunes and went into the weekend still hungry. The bulls are by no means out of the woods yet as we need to close above $1.025 before any bear meat feast can officially get under way. Stay tuned.

As noted on Thursday, the U.S. Dollar is at a key technical point. It too looked like it may gain some traction Friday only to end up what it usually does best – lose ground.

To me, there was no logic for oil’s $4 run up last Thursday. The fundamentals continue to stink and a key trader I spoke to said it was all a big push by the hedgefunds. He says the trade wants to hammer oil lower but is too afraid to go up up against the hot money. The U.S. dollar direction can also play a key role in determining where oil heads near term making the upcoming week very interesting.

The copper market also has an interesting situation. The market is in contango until the June 2010 contracts then it goes into backwardation. For the moment this suggest the market sees a double-dip recession. Hmmm….

Nevsun Resources and Sunridge Gold – NSU made this release, which was follow-up by this research update from Cannacord. We also saw another firm raise its target price (Nevsun Resources Tgt Raised To C$3.60 From C$3 By GMP >NSU.T Friday 10/02/2009 1:00 PM ET – Dow Jones News). Please note the analysts also visited Sunridge Gold who announced the closing of their deal that IMHO makes them the next possible Nevsun.

Is Continental Minerals now a no-brainer? First and foremost, I’m extremely biased. KMK has become about half of my entire equity portfolio. Secondly, I work closely with its management team (Hunter-Dickinson) as a compensated consultant in other companies.

With this in mind, I believe the news of another Chinese major shareholder has put KMK into play. The previous sole large Chinese stakeholder didn’t have it in its best interest to expedite matters (read the arrangement). Now, it has a direct competitor who at any moment can make an offer for the whole enchilada. This is a game changer. If the rumors that it had made a low ball offer has any validity, this would have to tell them loud and clear HD is ready to move forward, has the ability to do so, and now they are not the only kid on the block. I suspect HD will now do what it does best, move KMK to the next level and this should include now an active promotional campaign. Knowing how well followed they are, I don’t think it will be too long before we start to see evidence of this. I think we can now really appreciate the poison pill that was adopted earlier this year Stay tuned.

Al Korelin had two updates on a past and present client of ours.

Posted in A Grandich Company, All Posts, Base Metals, Copper, Exploration Shares, Gold, Mining Shares, Natural gas, Oil, Precious Metals, Silver, Sunridge Gold, Timmins Gold, U.S. Economy, US Dollar, US Stocks, Vanadium | 18 Comments »

Grandich On BNN. Gold, His Top Picks and Shorting The US Market “Melt-Up”

Posted by jojo at 4:07 PM on Friday, September 25th, 2009

Grandich BNN - 0909

AGORACOM Chief Commentator and my great friend, Peter Grandich, was once again a guest on BNN Friday.  This time he was on “Market Call” with Howard Green at 1PM EST.  There is a reason why Peter is a frequent guest on BNN (and almost every major financial media) – he is eerily uncannily right about the markets.  More importantly, he always provides a firm opinion and never hedges his best by playing the “ying-yang” game that so many commentators like to do.

You can view the 1st half of his appearance by clicking on the image above.  In the clip, he discusses the following:

  • US markets face a “mini melt-up” from fund managers chasing the markets
  • 10,500 on the Dow is very possible and would use it as another opportunity to short the market
  • Most bullish on gold than at any time in the past 25 years
  • Chinese openly telling citizens to buy gold, not US Treasuries
  • Germany’s Bundesbank will refrain from big gold sales in the first year of a new central bank gold sales agreement
  • Gold has performed equally well during periods of deflation.  Inflation connection is a misnomer
  • Responded to question regarding Timmins Gold (Grandich Posts) (AGORACOM HUB)
  • Responded to question regarding Crescent Resources (Grandich Posts) (AGORACOM HUB)
  • Responded to question regarding Formation Capital  (Grandich Posts) (AGORACOM HUB)
  • Responded to question regarding Eastmain Resources  (Grandich Posts) (AGORACOM HUB)
  • Responded to question regarding “sleeper metal of 2010″
  • Discussing (lack of) effectiveness of Obama Administration
  • Responded to question regarding vale of diamonds

Peter then went on to discuss his top picks, which BNN posted as a separate clip that you can view here.  He discussed:

BNN went over some of Peter’s past picks, which are up over 80% on average.  In fairness, Northern Dynasty made up the majority of that number but all 3 of his picks were solidly up … try finding that kind of performance from other commentators and money managers.

Regards,
George

Posted in All Posts, Crescent Resources, Formation Capital, Gold, Timmins Gold, U.S. Economy | 10 Comments »

Short Update 4:30PM EST

Posted by Peter Grandich at 4:31 PM on Monday, August 10th, 2009

Not much to add from weekend update. U.S. stocks are overdue for consolidation/correction but nothing too severe for now.

U.S. Dollar rose as we’re on a short-term buy signal while gold did come off after the weak close Friday. It needs to show strength and hold above $940 for the $1,000+ level to become a real target for 2009.

One could have expected more weakness in oil given the strength in the dollar and weakness in equities so I’m go to raise my DTO sell stop to 72.50.

With the weakness in gold, I think any new purchases in NDM should be at $6 or under and NSU $1.40 or under for now. No need to chase if gold is on the defense for the short-term.

Grandich clients KNP and TMM very active. I think KNP has seen large volume on the supposed takeover bid for Canadian Royalties. TMM has been very undervalued given production nearing and I think/hope the share price is finally catching up to fundamentals.

Special Note – People ask me what does it mean when we say Trinity Financial, Sports & Entertainment Management Company is a Christian-based company. Here’s an indication of what I mean:

Posted in All Posts, Base Metals, Copper, Exploration Shares, Gold, Mining Shares, Nickel, Oil, Precious Metals, Silver, Timmins Gold, U.S. Economy, US Dollar, US Stocks, Zinc, world economy | 13 Comments »

Grandich Speaks About Timmins Gold

Posted by Peter Grandich at 12:10 AM on Tuesday, July 14th, 2009

on Korelin Radio

Posted in A Grandich Company, Base Metals, Copper, Exploration Shares, Gold, Mining Shares, Precious Metals, Silver, Timmins Gold, US Stocks | No Comments »

Update 1100:AM DST

Posted by Peter Grandich at 11:00 AM on Thursday, June 11th, 2009

I’m almost caught up after just a week away from the office. It’s a tough job but somebody has to do it-lol

I want to say it was an absolute pleasure meeting so many blog followers at the Vancouver show. Your words of encouragement were very special to me. I always felt a sense of responsibility to my readers but after you meet so many personally, you come away with even more a desire not to screw up. Thanks again for all the kind words there and here on the blog.

There’s not much to update as yours truly has curled up into a fetal position-lol. I’m very content holding all metals related positions as I think we’re not even close to the explosive stage for precious metals and feel we’ve seen the lows for base metals.

I explained in Vancouver that after 25 years in this business and losing more money than I ever thought I would make as a youngster, I’ve learned to take profits, especially when they come much faster than expected. That’s why I advised taking profits in oil-related recommendations.

Since I’m basically a speculator/gambler, I’ve learned when you swing for the fences its best to have plenty of swings. Profits allow more swings.

I also feel quite comfortable holding my short treasuries and U.S. Dollar positions for the long term.

I’m extremely bearish on the belief that the U.S. economy can return to any real economic growth for years to come. Yes, a recovery is likely but what good will flat growth be anyway? It’s my belief that a multi-year trading range can develop between the lows around DJIA 6500 and 10,500 on the upside. I think the play is to await some a run to the top of the range before going short. If we simply go back towards the lows again I will once again consider the long side depending on the then current fundamental and technical outlooks.

In regards to the few open buy positions and Grandich Clients, here are my latest views:

Taseko Mines – Please see most recent comments

Continental Minerals – Buy up to $1.20. Stock appears to be consolidating recent gains.

Nevsun Resources – Would be a break out on a close above $1.60

All remaining positions in model portfolio are holds.

ATW Gold – The market seems to be realizing that they’re on the threshold of becoming a significant producer and still have excellent exploration potential.

Apella Resources – Still waiting on new developments.

Bravo Venture Group – Soon to be drilling again and the Homestake project is the homerun swing.

Crosshair Exploration – Has lifted off lows thanks to renewed interest in Uranium.

Donner Metals – The Rodney Dangerfield of juniors has finally received a little respect. Here’s to it continuing.

Farallon Mining – The name change says it all. It’s now a producer.

Hawthorne Gold – It too is set to drill and we wait in anticipation of good news.

Knight Resources – Another kick at the can this summer. Here’s to a big kick!

Northern Dynasty Minerals – Is consolidating recent run and is a buy if it gets below $7 again.

Oromin Explorations – Management continues to drill for gold and not investors. This may hurt now but pay off in the future.

Silvermex Resources – Is under review and I hope to have an update out soon.

Sunridge Gold- Just had an update today.

Timmins Gold – Onward and upward towards production now with financings all in place.

Posted in All Posts, Anooraq Resources Corp., Apella Resources, Base Metals, Bravo Venture Group, Copper, Crosshair Exploration, Donner Metals, Exploration Shares, Farallon Resources, Gold, Hawthorne Gold, Mining Shares, Nickel, Northern Dynasty, Oil, Precious Metals, Silver, Sunridge Gold, Taseko Mines, Timmins Gold, U.S. Economy, US Dollar, US Stocks, Uranium, Vanadium, Zinc, world economy | 8 Comments »

Update From Vancouver 3:30PM DST

Posted by jojo at 3:26 PM on Monday, June 8th, 2009

 

            I noted before I took off for Vancouver commentaries from me would likely be limited. This trip has been especially busy as  I’ve      tried to have in-depth meetings with company clients, other public companies and some individual investors. In addition to this, I emcee a good portion of the show and have several individual speaking times.
                 I must say I was insulted by the following post:

           
            Jay Gillespie says:
June 6th
 “You, I, and many got hammered with ANO when you represented them before and nothing good happened. So you blew them off along with their shares. Your most recent comment was something like “the platinum market is ANO’s for the taking, if they want to.” Then you sever you consulting again as well as Rockwell which ranks right up there with Bush’s assertion that Hussein had WMF (with a bit of cooked information). Like Chris, I am most interested in your comments should you now feel you can make what have always been candid assessments. One does not like getting his nuts caught in another nut cracking slide.”

This is not the first time Mr. Gillespie has made comments about me that were totally without merit. It’s extremely rare for me to respond in this manner but I believe my integrity is being unfairly attacked.

First, I was informed last Friday that my services were no longer required by both Anooraq Resources and Rockwell Diamonds. I simply noted that ASAP. I could’ve waited to today or even when I returned to the office but I felt I must note changes in relationships ASAP. My plan was to discuss these two companies ASAP as I’m now doing.

Readers know that when possible, I comment on pass clients, especially when there’s news worthy of comment. Such would and will be the case when it comes to Anooraq.

Mr. Gillespie, Your recollection of my past relationship is totally false and quite frankly an attack on me personally. My original involvement with Anooraq saw a tripling in price whereupon I suggested taking out at least ones original investment. The stock fell to below a dollar whereupon it rose 200%+ again and I suggested selling some again. There’s a long time reader name Rocco who may be reading this. I know he can attest to my recommendation to sell some as he ended up not doing so and regretted it.

To accuse me of blowing off my shares is an accusation that I somehow sold shares at the expense of others. Nothing could be further from the truth. As noted earlier, my services were terminated without any notice and I had no chance to comment and could’ve simply waited to. To compare my actions to Bush/Hussein is an insult.

Now regarding Anooraq, I think the worse is behind them but they need to close the recent announced transaction before major investors become attracted to this situation. Longer term I do believe they have a tremendous opportunity to become one of the biggest producers in the world.

Now a quick rundown on the markets:

I continue to believe the spectacular bear market rally in equities is running out of steam. The continuing rise in interest rates is going to become another bearish factor if we see the ten-year Treasury note get above 4% (It’s getting there).
The anticipated countertrend rally in the U.S. Dollar is underway. The duration and height of it is hard to gauge without my technical analysis of which I should be able to update Wednesday when I return to my office. The rising dollar has indeed impacted gold and silver but as noted last week, I’m delighted it has. I like to see gold trade sideways between $925-$980 as the loner it does the more likelihood it can get above $1,000 and stay there. Oil is starting to finally show some real signs of peaking short-term.

Quick Notes of Interest
• Another sign of socialism coming.
• “Dead Man Walking” takes another blow http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5473491/Top-Chinese-banker-Guo-Shuqing-calls-for-wider-use-of-yuan.html
• There’s one in every crowd
• I failed to note in my last comment on Sunridge Gold that they disclosed that seven mining companies have signed Confidentially Agreements with them. Another bullish sign.
• I had a chance to look at the technical results of Continental Minerals and I was most impressed. I like the way the stock is consolidating.
• Northern Dynasty Minerals appears to be digesting recent big gains. Any pullbacks under $7 should be a buying opportunity.
• Timmins Gold feels their debt financing is well along the way and completion of it can be very good news. Stay Tuned.
Things should return to normal upon my return to my office on Wednesday.

Peter signing off!
Peter Grandich and radio/TV talk show host Michael Campbell on the 14th tee box at Capilano, West Vancouver.

campbell_grandich_golf

 

 ~~~

This helped change my life. Click here.

Posted in A Grandich Company, All Posts, Anooraq Resources Corp., Base Metals, Copper, Exploration Shares, Gold, Mining Shares, Nickel, Northern Dynasty, Oil, Precious Metals, Silver, Sunridge Gold, Timmins Gold, U.S. Economy, US Dollar, US Stocks, world economy | 35 Comments »

Timmins Gold – Runway Now Clear

Posted by Peter Grandich at 1:39 PM on Monday, June 1st, 2009

Timmins Gold (TSX-V) has suffered unduly both from the financial crisis and a situation with a major shareholder. Today’s announcement that the major shareholder is now fully on board with TMM and has participated in the placement that’s now heavily over-subscribed is very good news.

I have little doubt that this disruption is what has held TMM back and can allow it to return to a much higher level as we go forward. Emerging producers should be near the top of most resource shopping lists.

Posted in All Posts, Base Metals, Copper, Exploration Shares, Gold, Mining Shares, Precious Metals, Silver, Timmins Gold, US Stocks | 5 Comments »

Update on Client Timmins Gold (TMM-TSX-V)

Posted by Peter Grandich at 8:51 AM on Saturday, May 16th, 2009

News broke on late Friday regarding TMM and CEO Bruce Braganola comments on it here. I think he gives excellent reasons why TMM did what it did but think the best news was that a major fund was willing to put $7.5 million into the company at a premium share price

Posted in All Posts, Base Metals, Copper, Exploration Shares, Gold, Mining Shares, Precious Metals, Silver, Timmins Gold, US Stocks | 2 Comments »

Timmins Gold- It’s Time You Give It A Serious Look!

Posted by Peter Grandich at 8:45 AM on Monday, April 13th, 2009

I’m able to provide my forecasts and recommendations free of charge on this blog because my livelihood is derived by assisting publicly-held companies on matters of corporate development, strategic planning and financing. One of these companies is Timmins Gold Corp. (TMM-TSX.V $.40 )

Because of the potential conflicts of interest, I don’t include them in my model portfolio. However, this doesn’t mean they aren’t worthy of your interest. In fact, Timmins Gold is especially interesting at this point of corporate development. I want to urge every reader who is in position to speculate to contact the company ASAP to get a first-hand update as I believe the company is on the threshold of moving to a new level as an emerging producer.

Timmins Gold Corp. (TSX-V: TMM) is putting the San Francisco Mine in Sonora, Mexico back into production.

Since Timmins Gold went public in 2006 it has completed the purchase of the Mine, and the Mine property and raised $19 million for the purchase of new equipment. The new crushers, conveyors and screens have now been delivered to the Mine and are under construction.

The new crushers have been designed and calibrated for the rock type and capacity of the Mine to maximize throughput and minimize down time. They have the capacity to meet the planned production of 80,000 ounces of gold per year at a projected cash cost of $412 per ounce. The crushers are scheduled to be fully operational within 60 days.

The current probable gold reserve is 611,000 ounces (22.6 million tons at 0.84 g/t Au) and the current Mine life is 5 and a half years. Drilling around the current pit has provided an indication that the Mine life can be increased.

The refurbishing of the primary crusher has been completed. The gold plant has also been refurbished and the earthworks for the new heap leach pads are nearing completion. All infrastructure and permitting is in place. Under the current construction plan, the first gold pour at the Mine is scheduled to take place in late 2009.

Timmins Gold also has 3 other major exploration properties in Mexico which display excellent potential. The company’s goal is to utilize future cash flow to expand the resource at the Mine, advance its exploration projects and make further acquisitions.

Posted in All Posts, Base Metals, Copper, Exploration Shares, Gold, Mining Shares, Precious Metals, Timmins Gold, US Stocks | 10 Comments »

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